October 16, 2013 10:23 ET

AEGEA Management Comments on Initial $6 Million EB-5 Funding Commitment From South Asia Group

Agreement With ADN Consulting, Inc. Is the First of Several Anticipated With EB-5 Investor Marketing Groups Globally

NORTH PALM BEACH, FL--(Marketwired - Oct 16, 2013) - AEGEA, Inc. (OTCBB: AEGA) ("AEGEA"), a planned mega-resort destination and international community in Florida, commented today on its recent agreement with ADN Consulting, Inc. ("ADN"). ADN is a South Asia group which has access to potential EB-5 investors, as well as other foreign investors, from various countries in the southern part of the Asian continent. AEGEA is utilizing the EB-5 foreign investor visa program as a component of its financing strategy and is currently working with several marketing groups worldwide to reach thousands of potential EB-5 investors. Under the agreement, ADN will use its best efforts to introduce foreign investors to AEGEA, either to qualify for the EB-5 Program administered by the USCIS (United States Citizenship and Immigration Services), or to participate in a Regulation S investment. ADN expects to close on preliminary funding of $6 million over the next 60 days, as part of an ongoing best efforts funding commitment with AEGEA of up to $1.5 billion. An estimated 60 day processing time is standard for these types of investments through the EB-5 Immigration Program. The agreement with ADN is the first completed contract with an EB-5 marketing group.

According to a World Bank report published in 2012, South Asia had a 2011 population of approximately 1.65 billion, representing over one-third the total Asian population. However, only about 1% of the total EB-5 visas issued to Asian investors in fiscal year 2011 were from South Asia, based on information from the USCIS. Approximately 85% of these EB-5 visas were issued to Chinese investors. Asians are now the fastest-growing racial group in the U.S. surpassing Hispanics, according to a study released in June 2012 by the Pew Research Center. Among the primary reasons that Asians are migrating to the U.S. are stability, wealth protection, better living conditions and educational opportunities for their children. 

"We are pleased with the initial level of interest from ADN's investors, and feel that this area of the world is virtually untapped for EB-5 investment, with thousands of high net worth individuals who might consider seeking residency in the U.S. through the EB-5 Program," stated AEGEA's President and CEO, Keith Duffy. "We plan to capitalize on this opportunity, and feel we are off to a great start. AEGEA is focused on marketing its EB-5 Program to investors in this region and believes that ADN is the right partner to help us accomplish this goal. We are currently negotiating with a number of other marketing groups which could represent thousands of potential EB-5 investors throughout the world, particularly from China and South America," he commented further.


AEGEA, Inc. is developing a spectacular experience for guests and an idyllic lifestyle for residents by blending world-class entertainment with culture and timeless architecture, introducing its Entertainment Living™ brand. AEGEA is committed to building a sustainable and environmentally conscious community. AEGEA's mission is to pursue innovation, increase shareholder value, and strive to better the lives of its visitors and residents. AEGEA's plans include luxury hotels, residences, restaurants, cultural experiences, an Olympic-style sports complex, themed attractions, an equestrian village, vast blue water lagoons and waterways, and authentic, timeless architecture selected from around the world. While similar in some respects to other large-scale, multi-purpose destination properties, AEGEA's design will be unique in that the sprawling complex will include a mix of residences and hospitality, entertainment and culture inspired by an advanced civilization dating back 4,000 years. Located within the state of Florida, AEGEA enjoys the distinct advantage of a massive nearby resident and visitor population base from which to draw attendance and ownership.


In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, AEGEA, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors who qualify under the EB-5 program.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

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